Table 4a(3). Cash and Investment Holdings of State and Local Government Employee Retirement Systems by State and Level of Government: Fiscal Year 2008 (Thousand Dollars) Source: 2008 Survey of State and Local Public Employee Retirement Systems. Data users who create their own estimates using data from this report should cite the U.S. Census Bureau as the source of the original data only. The data in this table are based on information from public records and contain no confidential data. Additional information on sampling error, nonsampling error, and response rates may be found at http://www.census.gov/govs/retire/how_data_collected.html. Securities --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Governmental Nongovernmental -------------------------------------------------- --------------------------------------------------------------------------------------------------------- State and Funds Foreign and Other State and level Total United States local Corporate Corporate held in international nongovernmental of government securities Treasury Federal agency government bonds stocks Mortgages trust securities securities ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- United States 2,674,888,614 141,841,399 83,343,442 1,589,780 519,686,464 1,118,138,665 9,588,453 72,651,615 468,133,959 259,914,837 State 2,227,560,388 116,415,407 71,646,596 1,277,108 435,842,899 917,045,926 8,837,963 61,798,834 396,417,315 218,278,340 Local 447,328,226 25,425,992 11,696,846 312,672 83,843,565 201,092,739 750,490 10,852,781 71,716,644 41,636,497 Alabama 28,138,549 1,025,421 151,925 0 6,980,614 13,293,476 0 0 3,798,252 2,888,861 State 25,929,697 739,899 61,729 0 6,570,137 12,257,312 0 0 3,617,733 2,682,887 Local 2,208,852 285,522 90,196 0 410,477 1,036,164 0 0 180,519 205,974 Alaska 11,600,292 98,326 1,709,804 621 2,066,491 5,014,525 0 0 2,038,663 671,862 State 11,173,997 63,838 1,709,478 621 2,017,646 4,801,564 0 0 1,978,810 602,040 Local 426,295 34,488 326 0 48,845 212,961 0 0 59,853 69,822 Arizona 35,484,204 446,968 172,777 0 8,154,154 22,162,379 0 0 929,207 3,618,719 State 32,041,444 221,493 165,839 0 7,561,777 20,533,067 0 0 0 3,559,268 Local 3,442,760 225,475 6,938 0 592,377 1,629,312 0 0 929,207 59,451 Arkansas 16,599,284 462,287 478,837 9,164 3,648,680 6,850,548 26,595 265,516 4,803,232 54,425 State 16,338,948 403,873 473,605 9,164 3,625,933 6,746,333 26,595 250,213 4,803,232 0 Local 260,336 58,414 5,232 0 22,747 104,215 0 15,303 0 54,425 California 480,559,270 14,111,445 5,921,337 54,940 115,106,493 186,410,878 2,997,798 1,178,506 130,870,638 23,907,235 State 349,550,574 8,951,076 4,254,898 12,720 80,328,482 135,154,536 2,973,368 0 97,772,066 20,103,428 Local 131,008,696 5,160,369 1,666,439 42,220 34,778,011 51,256,342 24,430 1,178,506 33,098,572 3,803,807 Colorado 42,965,967 2,545,427 964,827 43,177 8,590,753 21,494,665 264,657 121,397 8,161,905 779,159 State 37,457,691 2,336,915 719,665 43,177 7,595,393 19,182,364 8,314 0 7,131,637 440,226 Local 5,508,276 208,512 245,162 0 995,360 2,312,301 256,343 121,397 1,030,268 338,933 Connecticut 31,510,445 379,872 162,883 11,643 8,681,339 12,550,075 4,767 53,255 4,884,642 4,781,969 State 26,431,774 0 0 0 8,043,675 10,699,345 0 0 4,542,271 3,146,483 Local 5,078,671 379,872 162,883 11,643 637,664 1,850,730 4,767 53,255 342,371 1,635,486 Delaware 5,699,102 146,859 11,358 0 631,226 3,528,151 0 0 1,348,823 32,685 State 5,140,112 0 0 0 612,325 3,263,551 0 0 1,264,236 0 Local 558,990 146,859 11,358 0 18,901 264,600 0 0 84,587 32,685 District of Columbia 6,905,239 192,193 3,121 138 1,141,935 3,219,828 0 1,692,250 588,163 67,611 State 0 0 0 0 0 0 0 0 0 0 Local 6,905,239 192,193 3,121 138 1,141,935 3,219,828 0 1,692,250 588,163 67,611 Florida 132,185,131 4,616,191 12,649,432 153 30,315,336 52,104,475 24,545 108,601 24,007,977 8,358,421 State 115,547,151 3,336,800 12,128,212 153 27,723,982 42,850,732 0 3,067 22,899,402 6,604,803 Local 16,637,980 1,279,391 521,220 0 2,591,354 9,253,743 24,545 105,534 1,108,575 1,753,618 Georgia 70,464,525 18,280,795 331,110 1,727 9,068,245 40,737,739 0 248,022 200,940 1,595,947 State 65,287,760 17,656,831 72,407 0 8,010,593 38,191,958 0 248,022 95,183 1,012,766 Local 5,176,765 623,964 258,703 1,727 1,057,652 2,545,781 0 0 105,757 583,181 Hawaii 9,414,439 379,139 0 0 2,005,752 3,016,835 2,238 0 2,747,653 1,262,822 State 9,414,439 379,139 0 0 2,005,752 3,016,835 2,238 0 2,747,653 1,262,822 Local 0 0 0 0 0 0 0 0 0 0 Idaho 8,962,390 909 122 690 2,851,692 3,373,670 321,944 4,472 2,369,881 39,010 State 8,945,357 0 0 0 2,843,701 3,370,821 321,944 0 2,369,881 39,010 Local 17,033 909 122 690 7,991 2,849 0 4,472 0 0 Illinois 109,248,536 4,193,536 3,529,886 159,356 24,914,904 45,522,708 0 1,760,701 23,938,840 5,228,605 State 70,891,017 1,037,988 1,293,679 54,555 19,939,018 28,026,250 0 1,260,065 19,069,486 209,976 Local 38,357,519 3,155,548 2,236,207 104,801 4,975,886 17,496,458 0 500,636 4,869,354 5,018,629 Indiana 21,349,391 850,129 266,976 652 5,414,882 10,163,795 0 9,136 1,279,241 3,364,580 State 21,158,170 839,031 264,726 652 5,380,719 10,070,500 0 0 1,252,027 3,350,515 Local 191,221 11,098 2,250 0 34,163 93,295 0 9,136 27,214 14,065 Iowa 19,075,885 384,592 308,290 466 6,772,126 1,787,420 0 0 2,734,256 7,088,735 State 19,031,756 376,877 308,032 466 6,767,357 1,770,214 0 0 2,734,256 7,074,554 Local 44,129 7,715 258 0 4,769 17,206 0 0 0 14,181 Kansas 12,624,098 1,472,775 89,642 0 3,256,305 4,284,496 0 4,240 3,376,418 140,222 State 11,649,375 1,448,517 82,104 0 3,043,628 3,909,806 0 0 3,165,320 0 Local 974,723 24,258 7,538 0 212,677 374,690 0 4,240 211,098 140,222 Kentucky 29,749,183 956,557 1,149,119 329,621 5,406,015 17,927,364 805,092 8,391 1,381,944 1,785,080 State 29,315,963 924,161 1,148,415 329,621 5,354,232 17,715,725 805,092 0 1,328,489 1,710,228 Local 433,220 32,396 704 0 51,783 211,639 0 8,391 53,455 74,852 Louisiana 29,183,790 231,732 397,146 13,633 5,182,002 12,056,352 32,215 524,908 7,295,057 3,450,745 State 26,931,525 136,737 312,624 13,633 4,741,953 10,957,613 0 478,409 7,002,198 3,288,358 Local 2,252,265 94,995 84,522 0 440,049 1,098,739 32,215 46,499 292,859 162,387 Maine 10,005,525 3,381,756 55,017 2,393 755,500 1,433,876 359 0 589,429 3,787,195 State 10,005,525 3,381,756 55,017 2,393 755,500 1,433,876 359 0 589,429 3,787,195 Local 0 0 0 0 0 0 0 0 0 0 Maryland 43,365,028 1,769,271 449,300 75,860 4,956,801 9,407,552 0 103,747 5,314,563 21,287,934 State 33,001,202 994,075 85,941 14,874 3,238,676 4,665,424 0 0 4,258,655 19,743,557 Local 10,363,826 775,196 363,359 60,986 1,718,125 4,742,128 0 103,747 1,055,908 1,544,377 Massachusetts 63,373,420 326,755 32,960 1,566 2,065,163 5,967,321 0 23,738,700 2,161,721 29,079,234 State 50,330,306 16,229 30,326 0 349,166 673,100 0 23,118,515 311,322 25,831,648 Local 13,043,114 310,526 2,634 1,566 1,715,997 5,294,221 0 620,185 1,850,399 3,247,586 Michigan 75,618,136 681,831 771,648 44,415 13,953,435 33,725,167 1,873 1,050,865 5,353,096 20,035,806 State 56,202,964 0 0 0 10,450,870 24,360,077 0 0 4,619,786 16,772,231 Local 19,415,172 681,831 771,648 44,415 3,502,565 9,365,090 1,873 1,050,865 733,310 3,263,575 Minnesota 39,397,171 120,369 18,993 1,723 4,516,758 8,190,974 1,056 20,057,063 3,003,982 3,486,253 State 36,455,621 0 0 0 3,701,033 7,162,409 0 19,839,520 2,408,365 3,344,294 Local 2,941,550 120,369 18,993 1,723 815,725 1,028,565 1,056 217,543 595,617 141,959 Mississippi 23,778,365 920,370 612,156 40,363 8,440,326 9,144,227 0 0 4,620,923 0 State 23,778,365 920,370 612,156 40,363 8,440,326 9,144,227 0 0 4,620,923 0 Local 0 0 0 0 0 0 0 0 0 0 Missouri 41,199,557 8,133,506 422,038 19,200 4,199,045 15,572,072 34,121 591,441 9,647,230 2,580,904 State 34,780,535 7,737,646 186,605 8,525 3,445,390 12,488,705 734 187,977 8,570,506 2,154,447 Local 6,419,022 395,860 235,433 10,675 753,655 3,083,367 33,387 403,464 1,076,724 426,457 Montana 4,478,552 32,222 25,835 0 702,262 3,085,842 58,958 0 561,648 11,785 State 4,478,552 32,222 25,835 0 702,262 3,085,842 58,958 0 561,648 11,785 Local 0 0 0 0 0 0 0 0 0 0 Nebraska 10,095,035 217,639 22,665 812 406,859 1,290,253 72,268 7,346,149 433,191 305,199 State 7,617,700 3,729 22,204 812 40,756 92,695 72,268 7,343,462 3,441 38,333 Local 2,477,335 213,910 461 0 366,103 1,197,558 0 2,687 429,750 266,866 Nevada 19,937,076 995,299 2,654,404 0 1,591,537 8,439,266 9 51,876 5,049,375 1,155,310 State 19,937,076 995,299 2,654,404 0 1,591,537 8,439,266 9 51,876 5,049,375 1,155,310 Local 0 0 0 0 0 0 0 0 0 0 New Hampshire 5,402,416 0 0 0 1,517,229 2,283,663 0 0 1,095,916 505,608 State 5,257,577 0 0 0 1,480,212 2,175,841 0 0 1,095,916 505,608 Local 144,839 0 0 0 37,017 107,822 0 0 0 0 New Jersey 65,064,847 36,482 41,485 0 21,055,388 19,752,596 46,130 0 17,325,029 6,807,737 State 64,963,069 25,191 40,589 0 21,041,974 19,697,088 46,130 0 17,325,029 6,787,068 Local 101,778 11,291 896 0 13,414 55,508 0 0 0 20,669 New Mexico 19,753,687 301,131 2,167,649 0 2,093,469 7,800,648 0 727,717 5,249,805 1,413,268 State 19,753,687 301,131 2,167,649 0 2,093,469 7,800,648 0 727,717 5,249,805 1,413,268 Local 0 0 0 0 0 0 0 0 0 0 New York 346,632,123 38,671,575 3,708,013 0 38,920,126 172,262,714 4,724,520 2,093,700 51,319,712 34,931,763 State 238,764,622 30,831,002 203,030 0 21,748,831 115,488,093 4,381,116 0 38,129,223 27,983,327 Local 107,867,501 7,840,573 3,504,983 0 17,171,295 56,774,621 343,404 2,093,700 13,190,489 6,948,436 North Carolina 69,908,860 0 10,121,423 0 16,484,915 43,104,051 0 0 0 198,471 State 69,513,022 0 10,088,983 0 16,484,915 42,939,124 0 0 0 0 Local 395,838 0 32,440 0 0 164,927 0 0 0 198,471 North Dakota 2,956,910 31,454 2,368 835 657,711 1,068,053 0 109,018 689,870 397,601 State 2,722,051 19,288 857 835 620,573 1,023,318 0 0 689,870 367,310 Local 234,859 12,166 1,511 0 37,138 44,735 0 109,018 0 30,291 Ohio 135,180,057 4,994,802 5,018,066 1,009 25,961,957 61,246,582 0 49,023 36,304,360 1,604,258 State 132,707,266 4,974,721 4,755,295 0 25,668,539 59,854,531 0 49,023 35,818,917 1,586,240 Local 2,472,791 20,081 262,771 1,009 293,418 1,392,051 0 0 485,443 18,018 Oklahoma 21,366,683 2,672,987 125,221 10,059 3,576,043 10,513,446 0 0 2,474,247 1,994,680 State 20,311,976 2,611,751 122,962 10,059 3,322,679 10,037,410 0 0 2,295,380 1,911,735 Local 1,054,707 61,236 2,259 0 253,364 476,036 0 0 178,867 82,945 Oregon 42,570,972 853,171 2,490,543 0 6,298,351 7,256,241 0 0 13,359,526 12,313,140 State 42,570,972 853,171 2,490,543 0 6,298,351 7,256,241 0 0 13,359,526 12,313,140 Local 0 0 0 0 0 0 0 0 0 0 Pennsylvania 75,016,954 4,843,217 670,858 8,239 13,841,216 17,564,942 6,952 1,482,045 22,437,811 14,161,674 State 60,934,043 3,753,486 122,560 0 12,171,035 10,856,752 4,988 0 21,923,411 12,101,811 Local 14,082,911 1,089,731 548,298 8,239 1,670,181 6,708,190 1,964 1,482,045 514,400 2,059,863 Rhode Island 8,735,846 631,988 643,208 0 701,377 3,558,352 0 7,337 1,481,440 1,712,144 State 7,862,380 601,359 643,207 0 522,078 3,113,073 0 0 1,442,381 1,540,282 Local 873,466 30,629 1 0 179,299 445,279 0 7,337 39,059 171,862 South Carolina 28,420,652 460,980 2,421,885 0 3,293,059 6,192,620 0 8,240,968 4,014,817 3,796,323 State 28,375,434 458,351 2,417,286 0 3,282,419 6,167,650 0 8,240,968 4,014,817 3,793,943 Local 45,218 2,629 4,599 0 10,640 24,970 0 0 0 2,380 South Dakota 5,736,852 665,370 63,902 0 904,372 2,936,844 0 0 1,034,104 132,260 State 5,382,524 663,417 63,902 0 828,929 2,803,673 0 0 1,016,258 6,345 Local 354,328 1,953 0 0 75,443 133,171 0 0 17,846 125,915 Tennessee 36,284,569 2,784,761 745,833 1,426 11,084,157 14,480,499 22,344 37,234 6,734,599 393,716 State 29,807,006 2,599,242 489,958 0 9,944,049 10,937,097 0 0 5,836,660 0 Local 6,477,563 185,519 255,875 1,426 1,140,108 3,543,402 22,344 37,234 897,939 393,716 Texas 170,941,503 15,666,212 17,565,398 734,768 25,864,723 75,977,913 0 871,962 31,241,267 3,019,260 State 151,011,420 14,495,826 17,236,127 734,485 23,401,782 67,797,944 0 0 27,345,256 0 Local 19,930,083 1,170,386 329,271 283 2,462,941 8,179,969 0 871,962 3,896,011 3,019,260 Utah 14,352,645 536,246 3,104,624 0 1,146,157 5,974,362 6,845 0 3,584,411 0 State 14,352,645 536,246 3,104,624 0 1,146,157 5,974,362 6,845 0 3,584,411 0 Local 0 0 0 0 0 0 0 0 0 0 Vermont 3,188,520 6,674 0 0 18,787 63,383 0 0 24,630 3,075,046 State 3,073,552 6 0 0 0 1 0 0 0 3,073,545 Local 114,968 6,668 0 0 18,787 63,382 0 0 24,630 1,501 Virginia 55,370,973 135,367 56,931 4,805 17,144,826 20,431,598 4,162 71,379 1,695,192 15,826,713 State 45,723,115 0 0 0 14,967,663 17,765,139 0 0 0 12,990,313 Local 9,647,858 135,367 56,931 4,805 2,177,163 2,666,459 4,162 71,379 1,695,192 2,836,400 Washington 42,115,228 343,475 11,253 8,646 13,011,975 24,084,352 0 0 609,931 4,045,596 State 39,247,634 0 11,253 0 12,679,912 22,730,400 0 0 0 3,826,069 Local 2,867,594 343,475 0 8,646 332,063 1,353,952 0 0 609,931 219,527 West Virginia 8,180,616 487,408 166,844 7,680 25,988 4,919,425 0 41,996 2,523,125 8,150 State 7,987,475 452,920 166,788 0 0 4,844,642 0 0 2,523,125 0 Local 193,141 34,488 56 7,680 25,988 74,783 0 41,996 0 8,150 Wisconsin 78,459,177 60,130 1,248 0 23,365,168 50,881,405 129,005 0 1,443,277 2,578,944 State 72,133,383 0 0 0 22,314,673 49,689,705 129,005 0 0 0 Local 6,325,794 60,130 1,248 0 1,050,495 1,191,700 0 0 1,443,277 2,578,944 Wyoming 6,280,939 303,798 853,082 0 942,840 4,029,047 0 0 0 152,172 State 6,280,939 303,798 853,082 0 942,840 4,029,047 0 0 0 152,172 Local 0 0 0 0 0 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Data Created: March 23, 2010 Data Last Revised: March 23, 2010